Gentherm Inc (THRM) Holdings Lifted by Punch & Associates Investment Management Inc.
Punch & Associates Investment Management Inc. raised its stake in Gentherm Inc (NASDAQ:THRM) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 148,013 shares of the auto parts company’s stock after buying an additional 225 shares during the quarter. Punch & Associates Investment Management Inc. owned about 0.40% of Gentherm worth $5,743,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Gentherm by 152,589.9% during the first quarter. BlackRock Inc. now owns 4,608,180 shares of the auto parts company’s stock worth $180,872,000 after buying an additional 4,605,162 shares during the period. Snow Capital Management LP increased its position in shares of Gentherm by 612.6% during the first quarter. Snow Capital Management LP now owns 256,545 shares of the auto parts company’s stock valued at $10,069,000 after acquiring an additional 220,545 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Gentherm by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 3,212,182 shares of the auto parts company’s stock valued at $126,078,000 after acquiring an additional 218,171 shares during the period. Kennedy Capital Management Inc. raised its stake in shares of Gentherm by 37.4% in the 1st quarter. Kennedy Capital Management Inc. now owns 389,964 shares of the auto parts company’s stock valued at $15,306,000 after acquiring an additional 106,228 shares during the period. Finally, Brandywine Global Investment Management LLC purchased a new stake in shares of Gentherm in the 2nd quarter valued at approximately $4,031,000. 96.75% of the stock is currently owned by institutional investors.
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Gentherm Inc (THRM) traded down 0.93% on Tuesday, hitting $37.20. 95,870 shares of the stock traded hands. The firm’s 50-day moving average price is $32.53 and its 200-day moving average price is $35.97. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 17.07 and a beta of 1.97. Gentherm Inc has a 12-month low of $26.60 and a 12-month high of $40.80.
Gentherm (NASDAQ:THRM) last issued its earnings results on Thursday, July 27th. The auto parts company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.38). The business had revenue of $243.40 million during the quarter, compared to analysts’ expectations of $244.48 million. Gentherm had a net margin of 8.34% and a return on equity of 16.34%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 EPS. On average, equities research analysts anticipate that Gentherm Inc will post $2.07 EPS for the current fiscal year.
Several equities analysts have recently commented on the stock. BidaskClub lowered shares of Gentherm from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Roth Capital set a $33.00 price objective on shares of Gentherm and gave the stock a “hold” rating in a research report on Friday, July 28th. TheStreet downgraded shares of Gentherm from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. Barrington Research dropped their target price on shares of Gentherm from $47.00 to $43.00 and set an “outperform” rating for the company in a report on Friday, July 28th. Finally, BMO Capital Markets boosted their target price on Gentherm from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Gentherm has an average rating of “Hold” and a consensus target price of $40.75.
Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.
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